Common use of Deposit Updates Clause in Contracts

Deposit Updates. Depositor shall update the Deposit Materials within 15 days of each delivery of a Minor Upgrade (as such term is defined under the License Agreement) to Preferred Beneficiary under Section 5.3 of the License Agreement (collectively, "Updates"). Such Updates will be added to the existing deposit. All deposit Updates shall be listed on a new Exhibit A and Depositor shall sign the new Exhibit A. Each Exhibit A will be held and maintained separately within the escrow account. An independent record will be created which will document the activity for each Exhibit A. The processing of all deposit Updates shall be in accordance with Sections 1.2 through 1.6 above. All references in this Agreement to the Deposit Materials shall include the initial Deposit Materials and any Updates.

Appears in 2 contracts

Sources: Service Agreement (Authentidate Holding Corp), Service Agreement (Authentidate Holding Corp)